BNY Mellon, a global leader in investment management and investment services, announced that its shareholders elected Steven D. Black as a Director at its 2018 Annual Meeting of Stockholders on Tuesday, April 10, 2018, effective immediately. With the addition of Mr. Black, BNY Mellon's Board will have 12 directors, 11 of whom are independent. Mr. Black will join the Human Resources and Compensation Committee and the Corporate Governance, Nominating and Social Responsibility Committee of BNY Mellon's Board of Directors.
"We are pleased to welcome Steven Black to the Board," said Charles W. Scharf, BNY Mellon Chairman and Chief Executive Officer. "Steve's breadth and depth of knowledge and experience in our industry will be enormous assets and will complement our Board's existing expertise."
Mr. Black, 65, has been Co-CEO of Bregal Investments, a private equity firm, since September 2012. He was the Vice Chairman of JP Morgan Chase & Co. from March 2010through February 2011 and a member of the firm's Operating and Executive Committees. Prior to that position, Mr. Black was the Executive Chairman of JP Morgan Investment Bank from October 2009 through March 2010, and served as Co-CEO of JP Morgan Investment Bank from 2004 through 2009. Mr. Black was the Deputy Co-CEO of JP Morgan Investment Bank since 2003. He also served as head of JP Morgan Investment Bank's Global Equities business since 2000 following a career at Citigroup and its predecessor firms.
Mr. Black also serves on the Board of Directors of Nasdaq, Inc. since his election in December 2011.
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